Managers of Wealth Offshore

Cayman Finance welcomes ESMA statement

The Cayman Islands remains committed to working very closely with ESMA as it develops the additional AIFMD regimes as an extension of its already successful investment funds platforms.

Ponzi Scheme tied to Cayman

Within the next month, investors of the Brighton SPC Fund can expect to know what happened to their money, which was invested in a local Ponzi scheme.

Extension of the AIFMD Passport

The European Securities and Markets Authority delivered their advice to the Commission, Parliament and Council of the EU on the extension of Alternative Investment Fund Managers Directive passports to non-EU jurisdictions.

AIMA urges progress on passport for third country jurisdictions

AIMA said it supported the granting of the passport to Switzerland, Jersey and Guernsey. But AIMA said the passport should be granted to all the main asset management and fund jurisdictions.

Forensic accountants to review FIFA bank transactions

An international accounting firm is being brought in to assist the Cayman Islands Monetary Authority with a forensic review of any local bank transactions connected to the U.S.-based indictments of FIFA officials

Bahamas: The Protection Of Pre-Marital Assets - Pre-Nuptial Agreements In The Bahamas

The Bahamian legislation which governs the principles to be applied in matrimonial proceedings are set out under the Matrimonial Causes Act which mirrors the English Matrimonial legislation in the United Kingdom.

Sosnowski Offshore Fund Filing. Walter F Sosnowski III Submitted Jul 28 D Form

The Cayman Islands-based Sosnowski Offshore Fund, Ltd. filed D Form for $2.69 million offering.

More transparency over UK prime property ownership needed to prevent fraud, campaigners say

Plans to create a public registry of the real owners of UK companies should be extended to make it clear who is behind the companies that own high-value London properties, Global Witness has said.

Government intervenes in Western Union closure

They have all been closed along long branches throughout the Bahamas and Turks and Caicos Islands.

Russian billionaire wins ruling to freeze art dealer's Hong Kong assets alleging he pocketed US$1b in secret profits

Russian tycoon accuses Swiss art agent of pocketing US$1b secret profits

Maldives to allow foreigners to own land

The new law would allow foreigners who invest more than US$1 billion to own land in perpetuity, provided 70 per cent of it is reclaimed from the Indian Ocean.

Strategy paper positions Guernsey's fintech sector

The paper looks to position Guernsey so that it is well placed to take advantage of opportunities in the current digital age.

Van Eyk asset hunt: investors take legal action in Cayman Islands

The hunt for assets belonging to failed funds management empire Van Eyk has moved to tax haven the Cayman Islands.

Bermuda positions to meet EU fund regime standards

Collaborative approach prepares legislation in readiness for AIFMD recommendations

Western Union counters close in Cayman

Western Union counters in the Cayman Islands closed without warning Friday after Fidelity Bank’s board of directors decided one day earlier to end the service

When is a UK AIF a Jersey AIF? Jersey makes the position clearer

Where is has a Jersey general partner acting as its Jersey AIFM.

Overseas advisers offered access to support on DB transfers

QROPS provider Sovereign has teamed up with Alexander Beard to give overseas advisers access to the FCA-regulated advice now required for transfers out of defined benefit schemes.

BAHAMAS: ‘Strong Bank Interest’ Sparks Hope $150m Issue Fully Subscribed

It was still a relatively small component of the market

Optional EU regulatory regime sought for Cayman funds

The passport would allow Cayman funds to be marketed to professional investors across the EU

HarbourVest Senior Loans Europe Limited - Statement re Second Interim Liquidation Distribution

Second interim distribution announcement

Regulation, Risk & Compliance